The long-running legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could enter a new phase on Thursday, July 3. The SEC has scheduled a private meeting at 2 p.m. ET, and XRP supporters are watching closely.
July 3 Meeting Triggers Speculation
A post by “RippleRadar” on X raised questions about a possible end to the lawsuit. The user wrote,
“Ripple Legal Drama: Could July 3 Mark the Final Chapter? The SEC has a private meeting set for July 3 at 2PM ET to review potential case closures — fueling buzz they might drop the Ripple case.”
However, former SEC attorney Marc Fagel pushed back. He pointed out that the Commission holds similar closed meetings every Thursday.
“In other words, the meeting they hold every Thursday is being held Thursday. Tells us nothing about Ripple timing. Sorry,”
Fagel also explained that while the Commission can approve enforcement actions outside these meetings, the public usually has no insight.
“They have other ways to approve enforcement recommendations… but the public isn’t privy to this so it’s all speculation,”
he added.
Ripple Withdraws Cross-Appeal
Ripple Labs has made a new move in the case. CEO Brad Garlinghouse announced that the company has officially dropped its cross-appeal. The appeal related to XRP’s legal status as a security.
Garlinghouse shared on X,
“We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value.”
He also noted that the SEC is expected to withdraw its appeal as well.
This update follows a recent court decision. On June 26, U.S. District Judge Analisa Torres denied the SEC’s attempt to increase Ripple’s financial penalties. She also rejected the agency’s request to lift an injunction that required Ripple to follow securities laws.
No Clear Signal from SEC Yet
Despite growing hopes in the XRP community, there’s no confirmation that the July 3 meeting will bring a final decision. The SEC hasn’t revealed the meeting’s agenda, and the outcome may remain confidential.
The case, which started in December 2020, has been one of the most high-profile enforcement actions in the crypto industry. Both Ripple and the SEC appear to be preparing to move forward without further court battles.
Still, with the July 3 meeting approaching, many are watching to see whether the SEC takes any public action—or remains silent.
XRP Forms Bullish Flag Pattern on July 1, Targets 25% Breakout
On July 1, 2025, XRP formed a bullish flag pattern on the daily chart. A bullish flag is a chart pattern where the price rises sharply (flagpole), then moves downward inside parallel lines (the flag), and usually breaks out higher.
In this case, XRP first surged from mid-May, then moved inside a downward-sloping channel. On July 1, it broke above the upper red trendline, confirming the bullish flag breakout.
This breakout suggests a possible 25% price increase from the current level of $2.22. If the move continues, XRP may reach around $2.78, the same level marked on the chart.
The breakout also came just as XRP crossed above the 50-day Exponential Moving Average (EMA), which sits at $2.21. This adds further strength to the upward move. Trading volume reached 1.76 million on the breakout day, supporting the signal with increased market participation.
XRP DMI Indicator Shows Bullish Momentum on July 1
On July 1, 2025, the Directional Movement Index (DMI) for XRP showed signs of strengthening bullish momentum.
The blue line (Positive Directional Indicator, +DI) rose to 24.95, while the orange line (Average Directional Index, ADX) stood at 21.67. The red line (Negative Directional Indicator, -DI) dropped to 13.74.
When the +DI moves above the -DI and the ADX rises above 20, it suggests that the trend is gaining strength. In this case, XRP’s +DI is well above -DI, confirming bulls are in control. The ADX rising above 20 adds further confirmation that a strong trend is forming.
This aligns with the bullish flag breakout seen on the same date. Together, the price action and DMI suggest momentum may support a continued upward move.
XRP RSI Crosses Key Level, Supports Bullish Momentum
XRP/USD’s Relative Strength Index (RSI) rose to 52.09, moving above the 50 level. RSI measures buying and selling strength. Values above 50 usually show that buying momentum is stronger.
The RSI line crossed above its moving average, which was 46.74. This crossover is often seen as a bullish signal. It shows that recent price strength is building up.
This move supports the earlier breakout from the bullish flag pattern. Together with rising price action and volume, the RSI now adds to the bullish setup.
XRP Balance of Power Turns Negative on July 1
Meanwhile, XRP’s Balance of Power (BoP) indicator showed a reading of -0.61. The BoP measures the strength of buyers versus sellers during a specific period. Negative values mean sellers have more control.
Although XRP broke out from a bullish flag pattern on the same day, this BoP reading suggests short-term selling pressure still exists. However, the value remains within its typical fluctuating range, and no extreme imbalance is visible.
If the BoP shifts back toward positive in the coming days, it could confirm stronger buyer conviction behind the recent breakout.
XRP MACD Flashes Bullish Crossover on July 1
On July 1, 2025, XRP’s Moving Average Convergence Divergence (MACD) indicator showed a bullish signal. The MACD line (blue) rose to -0.00722, crossing above the signal line (orange), which was at -0.02119. This crossover suggests that upward momentum is increasing.
The MACD histogram also turned green, printing a value of 0.01397, which supports the bullish crossover. When the histogram moves from red to green, it indicates a shift from negative to positive momentum.
This signal adds confirmation to the bullish flag breakout observed on the same day.
